Compact mode
PMT vs INDEX vs LOOKUP
Table of content
Basic Classification Comparison
Function Category 📊
Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function typesPMTINDEXLOOKUPOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsPMTINDEXLOOKUP
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionPMT- Financial ProfessionalsPMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- AccountantsPMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
INDEX- Data AnalystsINDEX is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
- Financial ProfessionalsINDEX is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
LOOKUP
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
INDEX- Advanced Data RetrievalINDEX is known for Advanced Data Retrieval.
LOOKUP- Simple Vertical And Horizontal LookupsLOOKUP is known for Simple Vertical And Horizontal Lookups.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
INDEX- Often used with MATCH function
LOOKUP- Predecessor to VLOOKUP and HLOOKUP
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
INDEX- The function that makes VLOOKUP feel simple
LOOKUP- Still exists because Excel is afraid of commitment issues
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyPMTINDEXLOOKUP
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersPMTINDEX- ArrayINDEX accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.
- RangeINDEX accepts Range as input data. Excel functions that operate on cell ranges and data sets Click to see all.
LOOKUP- NumberLOOKUP accepts Number as input data. Excel functions specifically designed for numerical calculations Click to see all.
- TextLOOKUP accepts Text as input data. Excel functions specifically designed for text manipulation Click to see all.
- ArrayLOOKUP accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.
Version Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.For all*- Excel 2019Excel functions that work specifically in Excel 2019 version
- Excel 2016Excel functions that work specifically in Excel 2016 version
- Excel 2013Excel functions that work specifically in Excel 2013 version
INDEXOperating System 💾
Specifies the operating systems where the function can be used < including Windows< macOS< and web platformsFor all*Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyPMTINDEXLOOKUPRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionPMT- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
INDEX- ArrayINDEX accepts Array as input types Excel functions that specifically work with array inputs for calculations Click to see all.
- NumberINDEX accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
LOOKUP
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionPMT- Accurate Calculations
- Industry StandardExcel functions recognized as industry standards ensure widespread compatibility and reliability Click to see all.
- Reliable
INDEX- Powerful With MATCHExcel functions working with MATCH enable powerful lookup and reference capabilities Click to see all.
- Flexible LookupExcel functions with flexible lookup capabilities enable versatile data searching and matching Click to see all.
- Very Flexible
- Fast Performance
- PowerfulPowerful Excel functions offer advanced capabilities for complex calculations and data manipulation Click to see all.
- Flexible
LOOKUP- Simple To Understand
- Works With Sorted Data
Cons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
INDEX- Complex Syntax
- Requires Understanding
- Complex For Beginners
- Requires Understanding Of Arrays
- Learning Curve
LOOKUP- Limited To One-Way Lookups
- Requires Sorted Data
Ratings Comparison
Alternatives to PMT
SUMIFS
Known for Multiple Condition Sum📈 is more versatile than PMT
ROUND
Known for Round Numbers📊 is easier to use than PMT
📈 is more versatile than PMT
⭐ is rated higher than PMT
MIN
Known for Finding Lowest Value📊 is easier to use than PMT
⭐ is rated higher than PMT
AVERAGE
Known for Basic Statistical Calculation📊 is easier to use than PMT
⭐ is rated higher than PMT
MOD
Known for Division Remainder Calculations📊 is easier to use than PMT
FACT
Known for Calculate Factorials📊 is easier to use than PMT
POWER
Known for Exponential Calculations📊 is easier to use than PMT
⭐ is rated higher than PMT
PRODUCT
Known for Multiplying Numbers Together📊 is easier to use than PMT
RIGHT
Known for Extract Rightmost Characters📊 is easier to use than PMT
⭐ is rated higher than PMT
EOMONTH
Known for End Of Month Calculations📊 is easier to use than PMT
🛠 is more reliable than PMT
⭐ is rated higher than PMT